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UK-CAMEROON TRADE & INVESTMENT MISSION 08 – 10 December 2015, Yaoundé, Cameroon. ‘Diaspora, Investment Promotion and Emerging Markets’ Chris Nasah Chairman – Cameroon Forum. CIF Presentation Roadmap. Introduction of Cameroon Forum Introduction of CFEI
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UK-CAMEROON TRADE & INVESTMENT MISSION08 – 10 December 2015, Yaoundé, Cameroon ‘Diaspora, Investment Promotion and Emerging Markets’ Chris Nasah Chairman – Cameroon Forum
CIF Presentation Roadmap • Introduction of Cameroon Forum • Introduction of CFEI • Promoting the Asset CAMEROON-CAMEROUN • The WayForward • Conclusion
The Mission – CF, CFF, CFe,…CIF To Create a platform that will enable and facilitate the integration of Cameroonians in the United Kingdom and abroad, and harness their endowments for the mutual development of Cameroon and their host communities Motto: Together We Build
Business Opportunities & Investments Integration into UK communities Networking & Social interaction Charitable Initiatives Objectives The WHOLE
Business Opportunities & Invs • Networking Sessions and Meetings • Participating and Facilitating Trade Missions to Cameroon & CEMAC • Facilitating Cameroon Trade Missions to the UK • Assisting Foreign Companies in Launching Services and Products in Cameroon & CEMAC • Assist Cameroon & CEMAC based companies access the UK Market
Meeting with UK Diaspora and Government, and H.E. The Head of State Paul Biya
Interaction with the GoC and PM Office HE Philemon Yang Head of Government with VC
Collaboration with The Cameroon High Commission UK – HE Nkwelle Ekaney
Regional Context 1 UDEAC – The Customs and Economic Union of Central Africa, established by the Brazzaville Treaty in 1966, forms a customs union with free trade between members and a common external tariff for imports from other countries. The members of UDEAC are Cameroon, Central Africa Republic, Chad, Congo, Equatorial Guinea and Gabon. CEMAC – Central African Economic and Monetary Community Total Population 37m • .
Regional Context 2 ECCAS - Economic Community of Central Africa States (ECCAS)- Angola, Burundi, Cameroon, the Central Africa Republic, Democratic Republic of Congo, the Republic of Congo, Equatorial Guinea, Gabon, Rwanda and Sao Tome & Principe Combined Population – 200m • .
History & Heritage Tea, Palm and Rubber Estates, Oil & Gas, Banking…
COMMUNITY EVENTS • .
New Law to encourage private investment - 18th April 2013 On 18th April 2013, the President of the Republic of Cameroon promulgated the law No. 2013/004 dated 18th April 2013 on incentive measures for private investment in Cameroon. The new law is applicable to any individual or legal entity, whether Cameroonian or foreign national, resident or non-resident, “in respect of the performance of their activities or their holding of a part of the share capital of Cameroon companies, with a view to encouraging private investment and increase domestic production” for any investment relating to the setting-up, development, renewal, restructuring of assets and/or the transformation of businesses. • .
Other Regulatory Frameworks for Investments A bottom-line regime for minimum 8 years investment A ten (10) year regime for small and medium sized enterprises (SMEs) A special regime for Free Trade Zones • Cameroon’s investment code offers fiscal, customs, and other economic advantages in three (3) types of investment regimes: • .
Science Museum – Permanent Exhibition Featuring Cameroon • Connecting Africa – Information Age exhibition opened by HM The Queen
AAOE Africa Business Safari, CEMACHouse of Lords, London November 2015 ‘The mind is like a parachute – it only works when open. The more open it is, the better it works’ - Anon Trade & Investment Opportunities in CEMAC Chris Nasah Chairman – Cameroon Forum
Investment Climate Summary • Investment Promotion Agency • Investment Charter and Code • Industrial Free Zones • Benefits • Tax Concessions • Financial Transaction Concession • Trade Concession • Labour Concessions • SME Considerations • .
THINKING GLOBALLY ACTING LOCALLY • A JOINED-UP APPROACH TO INVESTMENT PROMOTION • ENCOURAGE INVESTMENT PIPELINES / FUNDS / STREAMS • ENGAGE SATELLITE REPRESENTATION ABROAD - MOU • ENSHRINE REGULAR VISIBILITY AND INVESTMENT EVENTS COMPRISING WORKSHOPS, SEMINARS • ARTICULATE IMPACT OF INVESTMENT ON NATIONAL DEVELOPMENT and 2035 EMERGENCE
CF Investment Instruments • Cameroon Investment Fund • Cameroon Investment Partnerships • UK-Cameroon Chamber of Commerce CamDocUK Conference July 2010
TestimonialsEuro in Cameroon & CEMAC • Bowleven - Energy • Victoria Oil & Gas – Gas • Dana Petroleum – Energy • Joule Africa – Energy • Actis - Energy • Standard Chartered - Banking • BAT - Tobacco • Rio Tinto – Currency Notes • Glencore – Env Expl • Africa Aura – Env Expl • Maritime Security, Automobile, Brewery – TRADE MISSION 8th to 10th December 15
Good Attributes • Growing Consumer Class • First-mover advantage • Access to West & Central African Markets • Major Infrastructure • Good hand-holding & DD • Global Companies are here!!!
Merci!!!…for your hospitality and THINKING Promoting Cameroon-Cameroun…next time… Delphine Oben – Vice Chair Dr Alex Asewando – Enterprise Director